No
one can deny the accomplished feeling one gets from finding a good
bargain; whether it be for clothes, an electronic device, college
textbooks, n'importe quoi as the french like to say. Whatever
your preference may be, my guilty pleasure comes from finding a super
good deal on airfare, regardless of if I actually am traveling to the
destination or not. No, instant gratification is never the case
when flight shopping, but perseverance and endurance pays off. And
finally, after weeks and weeks of searching for a cheap flight to
surprise to my family for Christmas, a sigh of relief instantly came,
but at the strikingly high dollar amount of $900 USD. For
some, traveling once was an affordable leisure of bountiful
experiences, and for others a necessity to visit family and close
friends living abroad. But what was once an affordable leisure
now is practically an investment.
In the past year,
many changes have affected the affordability of airfare for global
nomads, businessmen, and the general population alike. The two main
proponents of the current price hike are accredited to higher jet
fuel costs, as well as recent merges among popular airlines. Without
a doubt, these days none are unaffected by the current cost of fuel,
as many Americans are having to dig deeper into their wallets at the
gas pump. Just the same, airlines are being hit hard by the
increasing price of fuel. Delta, a major American airline reports
spending $12 billion USD this past year on fuel alone in comparison
to $9 billion the previous year. Although airlines might have you
fooled otherwise, there is another underlying cause of the recent
price inflation of airfare. Due to the growing number of airlines
filing bankruptcy in the past few years, many industry mergers are
also to blame for this atrocity. The three main mergers have been:
“Delta linking with Northwest; United, with Continental; and
Southwest, with Airtran”. A capitalist economy cannot function
without competition among companies being present. If so, it
wouldn't be capitalism, but rather a communistic approach. Yes,
these recent merges amongst airlines limit the amount of competition
ensuring the cost of flights to rise as a shared monopoly subsists.
In addition, these major airlines are now taking almost complete
ownership of major airports throughout the United States. This is in
part due to airlines having main hub airports, airports designated or
primarily offering one specific airline as it's fundamental carrier.
Smaller, regional airports are unable to compete without the funding
of airlines who claim them as “hubs”. These two circumstances
have lead to a 4.8% increase of domestic airfares throughout the
country within the last year.
Many travelers are
considering alternative methods of transportation, as flights are
simply out of anyone's price range. Yet for the few determined, or
better said those without a choice of how to cross the oceans of the
world, it is simply the price one must pay to play the game.
Date and Time: Sept. 7th, 2012 ~16.50
USA Today - Fliers pinched as airfares take off.
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